John, the CEO of Tresnel Inc., learns that the government of one of his company's foreign markets has enacted a new law that limits the amount of profit it can make. He projects that this will result in future losses. If John researches the ________ environment, he can plan a strategy to deal with this situation.
A. political and legal
B. business
C. geographical
D. economic
E. cultural and societal
Answer: A
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Which of the following is not an issue to be addressed in a business code of ethics required by the SEC?
a. Conflicts of interest b. Full and Fair Disclosures c. Legal Compliance d. Internal Reporting of Code Violations e. All of the above are issues to be addressed
Tennot Designs Inc. manufactures and sells clothes and shoes to people who are over 6'6" tall — a rather small target market. Given this information, Tennot Designs Inc. uses a(n) _____ targeting strategy
a. multisegment b. undifferentiated c. concentrated d. one-to-one
Metalcrafts Inc. Selected information from the company's financial records is presented below:
Equipment, December 31, 2013 $300,000 Equipment, December 31, 2014 400,000 Accumulated depreciation, December 31, 2013 80,000 Accumulated depreciation, December 31, 2014 60,000 During 2014, the company sold equipment with a cost of $50,000 and accumulated depreciation of $30,000. A gain of $10,000 was recognized on the sale of the equipment. This was the only equipment sale during the year. Refer to Metalcrafts, Inc. What was depreciation expense for 2014?\ a. $40,000 b. $10,000 c. $50,000 d. $30,000
For a single server, single queue system with an arrival rate of 12 customers per hour and a service rate of 20 customers per hour, what is the mean number of customers in the system (to two decimal places)?
a. 0.90 b. 0.60 c. 1.50 d. Cannot be determined from the information given